A Wealth-Requirement Axiomatization of Riskiness

Dean P. Foster () and Sergiu Hart

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: We provide an axiomatic characterization of the measure of riskiness of gambles (risky assets) introduced by Foster and Hart (2009). The axioms are based on the concept of “wealth requirement”.

Pages: 36 pages
Date: 2011-06-14
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Citations: View citations in EconPapers (2)

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Journal Article: A wealth-requirement axiomatization of riskiness (2013)
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